Pascrell Blasts IRS Regulations
WASHINGTON, DC – U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), New Jersey’s only member of the tax-writing House Ways and Means Committee, criticized just-announced IRS regulations that bar attempts by New Jersey and other states to bypass the onerous cap on state and local tax (SALT) deductions imposed by the Republican tax scam law of 2017.
“This Trump administration seems to wake up in the morning trying to think up ways to screw my state. The Republican tax law, the GOP’s signature achievement of the last two years, was passed to bring deliberate pain to states like New Jersey. And it did, stealing our state and local tax deduction the middle class has long used to line the pockets of the one percent and big business. Our state and others have sought to provide relief to taxpayers, and now Trump and Mnunchin are going out of their way to block us. We will not rest in seeking ways to help our constituents counter the impact of Republicans’ vicious policies. This isn’t over.”
Rep. Pascrell has been a leading a critic in Congress of the Republican tax scam and has repeatedly assailed the capping of the SALT deduction. Pascrell is the lead sponsor of H.R. 1142, the bipartisan Stop the Attack on Local Taxpayers Act of 2019, which would remove the SALT cap. It is currently cosponsored by 45 House members. Companion Senate legislation, S. 437, is sponsored by Sen. Robert Menendez (D-NJ) and currently cosponsored by 13 senators.